06-Nov-2026 08:13:20
MOTHERSONGeneral news
CLSA on Samvardhana Motherson
O-P, TP Raised to Rs 217 2QFY27 Ebitda margin came in at 8.7% (flattish QoQ) & in line Revenue grew c.27% YoY, supported by consolidation of two acquisitions, larger one being in PV wiring harness space Believe that gradual ramp-up in the non-auto businesses, especially in consumer electronics, will drive organic growth at a c.12% Cagr over FY27-29CL, alongside continued steady execution in auto segments. Over and above this, see scope for inorganic growth, considering leverage ratio (net debt/Ebitda) being at 0.5x (FY28CL) vs SAMIL being comfortable until 2.5x level
SAMVRDHNA MTHRSN INTL LTD